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Your Money Matters: Dealing with Rising Mortgage Interest Rates (Wellsville Daily Reporter)  (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans


Existing house sales, prices set records in June  Sales of existing houses set a record in June and prices shot up at the fastest pace in nearly 25 years.read more...


Officials Falling Behind on Mortgage Fraud Cases (NYTimes.com via Yahoo! Finance)   Reports of suspected mortgage fraud have doubled since 2005, and government agencies say they cannot keep up. .read more...


First Magnus, big mortgage lender, halts loans (Washington Post)  NEW YORK (Reuters) - First Magnus Financial Corp., one of the largest independent U.S. mortgage lenders, said on Thursday it has stopped funding home loans and taking mortgage loan applications


Americans again question financial security  Sure enough, people bought the pitch and Hoover won the election. He took the oath of office in January 1929.read more...


Getting a Mortgage with Bad Credit (Bastrop Daily Enterprise)  (ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the

August 20th, 2007

Countrywide says it cut 500 mortgage jobs (Reuters via Yahoo! News)

Countrywide Financial Corp , the largest U.S. mortgage lender, said it had eliminated about 500 jobs nationwide as it tries to cope with a credit shortfall stemming from the U.S. housing downturn.

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